China’s stock market fundamentals still up well
First, China’s stock market fundamentals still up well. As this wheel bull formed the most basic reason – the long-term trend of RMB appreciation has not changed, but also not only shows the trend accelerated. From June 11, 2007 to July 10, exchange rate of the yuan against the dollar from 7.6645 up to 7.5805, or about 1.1%. Yuan appreciation will cause the entire market of asset revaluation, make with RMB valuation of assets Mbt shoes throughout the Chinese stock market, and the bank an overall appreciation, real estate etc formed related sectors and sustained long-term good effect. According to our estimates, yuan appreciation will continue the trend roughly 5 years, the annual appreciation not less than 5%. In this stage, the stock market fundamentals in the possibility of the bull market into a bear market is basically can eliminate. Plus China’s economic growth remains strong, the stock market development is still relies on the economic environment improvement and continues to good trends, this makes the Chinese stock market based still firmly. Bull market According to relevant departments to provide the data, in the first half of this year China’s trade surplus for 1125 billion dollars, a year-on-year growth 83.1%, yuan appreciation pressure and power is still large; February quarter national consumer confidence index and entrepreneurs index climbed, both firms’ highs, big enterprise’s booming advantage more evident; The national economy, the trend of the overall good double-digit growing high-speed still can period. All this makes Chinese stock market continues to good prospects will not happen substantial change in this round of mandatory mbt shoes uk adjustments ended, the market will continue to track the performance the bull market. Although the government and management to stock market trends hold appeared deviation and makes the bull market running environment has become complicated, although the stamp duty on stock transactions to increase market operation produced long-term negative influence, but decided to stock market trend and direction of national economy is still the basic situation, facing the market’s internal and external environment of hold up well will to a large extent, offset the negative influence of these negative factors, and will be running in the whole society profoundly changed the way of thinking and behavior, then for your growth path.
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